Oppenheimer Holdings (OPY) Declares $0.11 Quarterly Dividend; 2.8% Yield

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Oppenheimer Holdings Inc. Reports Second Quarter 2016 Earnings and Announces Quarterly Dividend

July 29, 2016 8:01 AM EDT

NEW YORK, July 29, 2016 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) today reported net income of $5.2 million or $0.39 basic earnings per share for the second quarter of 2016 compared with net income of $295,000 or $0.02 basic earnings per share for the second quarter of 2015.  Loss before income taxes from continuing operations was $5.2 million for the second quarter of 2016 compared with loss before income taxes of $1.1 million for the second quarter of 2015.  Net income from discontinued operations was $9.3 million for the second quarter of 2016 compared with net income from discontinued operations of $2.1 million for the second... More